Economists of the Twentieth Century
3 total works
The volume is divided into three parts. The first part concentrates on macroeconomic instability and stabilization policy, including recent essays on unemployment theory and the labour markets alongside some of his most important earlier work. The second part addresses the problems of international interdependence and endogenous policy, focusing on a growing world economy and looking at possible areas of conflict. The third part examines the problems and practicalities of achieving successful economic growth, with a particular emphasis on the Western economies
The Welfare State is divided into three parts, the first of which examines the driving forces behind the welfare state, how it has emerged and the redistributional policies it employs. Part two looks at the economic consequences of the welfare state, the effect on work and savings and on the division of labour among markets, government and family. Part three examines the broader consequences for society of the modern welfare state, suggesting that the burgeoning public sector not only alters economic incentives and the distribution of income and wealth, it also changes the role of the family, influences freedom of choice and makes honesty more ‘expensive’. This part concludes with a discussion of the role of public spending and taxation policies in developing countries.
This volume includes an extensive introduction by Professor Lindbeck. Macroeconomics and Economic Policy, the first of Professor Lindbeck's selected essays is also available.